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>>> eyes in the sky. the leaders of japan and the u.s. are considering additional radar to track threats from north korea. japanese prime minister shinzo abe has blocked off an important meeting in his agenda. he's heading to whington to meet with u.s. president barack obama. white house officials say they'll discuss economic issues, the u.s.-japan security alliance, and their approach to north korea. north korean officials launched a rocket in december. they said they put a satellite into space. but western leaders say they were testing technology for a ballistic missile. some security analysts say such a missile could reach the u.s. west coast and could carry a nuclear payload. north korean scientists carried out another underground nuclear test last week. and authorities in pyongyang have hinted they may conduct another rocket launch before the end of this year. abe and obama will meet on friday at the white house. japanese government officials say the leaders will discuss the deployment of a second x band radar. u.s. army personnel already operate those systems at an air self
the unemployment rate is too high at the moment. so the head of the u.s. federal reserve has defended the central bank's monetary stimulus package. this has eased concerns fed officials would cut short their asset-buying program. chairman ben bernanke on tuesday presented his semi-annual report to the senate. he acknowledged bold monetary easing could cause inflationut stressedhe mit of the licy. >> we do not see potential cost to the increased risk taking in some financial markets as outweighing the benefits of promoting a strong economic recovery and more rapid job creation. >> bernanke also warned imminent spending cuts could put the brakes on recovery if they take effect on march 1st. he urged republicans and democrats to set aside their differences to find a solution. now, bernanke also said he understood japanese prime minister shinzo abe's push for heaid abe i trying to boost the economy and is not manipulating exchange rates to devalue the yen. >>> u.s. president barack obama wants republicans to compromise before budget cuts take effect on friday. >> there are too many republicans in con
officials are trying to find out who made the decision to lock on. now, the u.s. state department spokesperson expressed her concern over the incident. >> actions such as this escalate tensions and increase the risk of an incident or a miscalculation, and they could undermine peace, stability, and economic growth in this vital region. so we are concerned about it. >> u.s. officials have been increasingly uneasy about rising tensions in the area. >>> military analysts are trying to figure out what the chinese are trying to do. bonji ohara is a former navy captain with japan's self-defense forces. he says the chinese sent a clear message. >> it is a serious thing. if the radar is the fire-control radar, can control the weapon, usually a battlhipas that kind of radar, one is searching radar, for navigation. one is for the targeting, control weapon radar. this is the fc radar. this time chinese side used this fc radar. it means they showed to the ship they have the intention to attack the japanese ship. so it is very serious and danger. i think the -- there are two ssib scenarios one
council resolution. >> reporter: the u.s. ambassador to the u.n., susan rice, echoed the strong criticism. >> the actions of north korea are a threat to regional peace and security, international peace and security, and they are not acceptable. they will not be tolerated. and they will be met with north korea's increasing isolation and pressure under united nations sanctions. >> reporter: the security council was quick to condemn the test. it also responded quickly in december when north korea successfully launched a long-range missile. the test could bring north korea closer to developing a nuclear warhead that is small enough to be mounted on a missile. critics point out that the security council members feel that the threat of north korea's program is becoming more rea than ever before. >> so miki, what's next? will the security council adopt tougher sanctions against north korea? >> reporter: well, the u.s., along with south korea, australia, and european members are all for tougher sanctions. these may include tightening the noose on north korea's financial institutions and weapons t
>>> long road ahead. authorities in the u.s. investigate the dreamliner and find its batteries could keep it on the ground for sometime to come. u.s. transportation investigators cast doubt on a quick fix for the problems facing the dreamliner. they say regulators need to rethink their approval of batteries used in the boeing 787. a number of agencies are looking in to a string of safety incidents. deborah hershman chairs. she said a lithium ion battery sparked a fire a month ago on a japan airlines yet in boston. >> this investigation has demonstrated that a short circuit in a single cell can propagate to adjacent cells and result in smoke and fire. >> engineers packaged eight cells together in designing the battery system for the dreamliner. hersman said they did not place them far enough apart so trouble in one of them could affect the others. she said investigators have not determined why the batteries short circuited. another battery fire forced the pilot of a dreamline tore make an emergency last month in western japan. u.s. authorities grounded all 787s. officials at boe
>>> they want to snow why another crew locked onto a helicopter. japanese and u.s. officials are urging the chinese to ensure such accidents don't happen again. a chinese navy aimed at a helicopter in mid-january. japa controls the islands. china and taiwan claim them. >> translator: it's extremely regrettable that such a unilateral provocative action has been taken. we will strongly urge the chinese to exercise restraint and not make the situation any worse. >> a spokesperson said she learned about the incident through the media. japanese government officials say the chinese are trying to give the impression they're not behind the incidents. >>> the u.s. defense secretary says it could have had grave consequences. l leon panetta says it could inflame intentions. >> they have to be part of family of nations in that region working gether. >> panetta said the united states, south korea and japan will do everything possible to ensure their territories are secu secure. he called on china to avoid antagonizing other nations. the former secretary of state said u.s. officials oppose
by tenth of a percent. u.s. president barack obama nominee for secretary of the treasurely is asking lawmakers for bipartisan report. he said this is needed to keep the u.s. economy on the path to recovery. lew spoke to senators on wednesday. he is seeking their approval for his appoint to obama's second term cabinet. he said he's resolved to reduce the nation's huge budget deficit. he asked republicans and democrats to work together. >> we must put our nation back on a path of fiscal sustainability. we cannot allow t harmful cuts known as the sequester to go into effect. these cuts would impose inflected wounds to the recov y recovery. the strong dollar is in the best interest of proting u.s. owth. if confirmed i wldothang ta policy. >> officials in the u.s. will start talk to form a transatlantic free trade agreement. it would create a huge trade block and account for nearly all of global production. the plan was announced in a joint statement on wednesday. they have agreed to launch negotiations for a comprehensive plan. the united states will seem approval from congress while th
sharply lower after a strong rally on monday. the drop follows a slump in u.s. markets. the yen strength has been a drag on a wide range of issues. they are concerned about whether italy can consider its final reforms. the nikkei average is down 1.75%. the dollar was at a one month low and not a one month high. let's take a look at other markets in the asia pacific. south korea's kospi down a thirthird of a percent. let's see what's going in australia. it's down to 5,018. we'll see where other markets take us as they open in next hour. japan's prime minister abe has made his choice for the new bank of japan leader. looks like many leaders of the oppotion party of japan wi goalong with it. kuroda is the chief of the asian development bank. abe is planning to present his nominees to the diet for approval by the end of this week. the government needs support from opposition parties. some members have expressed concerns. they say signing off on his appointment could be construed as approving the there isn't much doubt about his ability. some say there's not much mileage in continuing its opp
Search Results 0 to 7 of about 8